USD/RON may rise 144 - 199 pips

Our pivot point is at 4.5584.

Our preference

The upside prevails as long as 4.5584 is support.

Alternative scenario

Below 4.5584, expect 4.5491 and 4.5436.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 4.5618 and 4.5689). Finally, the USD/RON has crossed above its upper Bollinger band (4.5705).

Supports and resistances

4.6018 **

4.5963 *

4.5908 **

4.5853

4.5709 last

4.5620

4.5584 **

4.5491 *

4.5436 **

Number of asterisks represents the strength of support and resistance levels.